Employee Injury in Manufacturing
For manufacturing businesses, there can be significant risks for employee injury, especially related to the production process.
A worker managing product inventory hurts his back lifting a heavy item.
A forklift operator, after hitting the brakes, slides forward and bruises a rib.
|Working the Assembly Line
An assembly line worker, after a tiring day of tedious work, isn’t being careful and has a thumb injury.
Taking Advantage of the Situation
For situations like this, you need Workers Comp insurance. But what happens when the employee takes advantage of the situation?
- That low-back injury requires 2 years of adjustments with the chiropractor.
- The rib bruise has a surprisingly long recovery process.
- The sprained thumb turns into 18 months of physical therapy.
Workers Comp – Rate Increase in Future Years
Your WC insurance company is paying every dollar of those claims, and they’re putting it back on you by increasing your rate in future years.
Taking Control of the Claim
But what if you had control over your claims? What if you were able to settle them quickly, reasonably, and save your rate.
Texas allows businesses to opt out of Workers Comp and get a similar policy covering employee injury. It’s called ‘non-subscriber insurance’.
Even without major claims, Non-subscriber insurance offers premium savings compared to Workers Comp. Businesses typically shave at least 10-20% off their premium by switching to non-subscriber….and considerably more if they’ve had claims in the past 2-3 years.
My agency has a niche in non-subscriber insurance. Since it came out in the 80’s my father Craig Rekerdres, has helped major Texas businesses develop a competitive edge by letting dollars that would be paying Workers Comp premiums be used for growth opportunities.